The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-18
II. G. DUN & COPS
Review OF she Weeks Trade-The
~. Coffee and wheat Corners.

Review OF Nhe weeks TF0de-The
So Coffee and wheat Corners.
NEw YORK, June 17.-R. G. Dun &
Co.'s weekly review OF trade says: 1t
Is most encouraging that two OF the
great speculations by which legiti-
mate business has for months been
embarrassed has come to an end
without disaster to other parties save
those who had intended disaster. Ar
mold * Co., in coffee, and Kershaw &
90, in grain, with the powerful com.
binations behind them, have broken
with a number OF smaller operators,
but commerce and finances have not
been seriously disturbed. Those who
derided or disputed the wheat Stats
tics given three months ago in this
review, can now see whether these
figures we're more correct than the es.
Inmates of the speculative ring. March
10th this review said that "the surplus,
in excess Of the years home demand
and 104, 100000 bushels already ex-
ported, was more than 90,000,000
bushels" Spectators ridiculed
this warning. But 40,000,000 BUSH
els more have been exported to
date and the home demand
has been sRtiefied. and within
thirteen days OF the end OF the crop
year the "viaible supply" OF wheat is
42,1l2, l78 bushelr, besides all wheat
in farmers hands and country eleva-
tors, and all -four in the country. For
the first time since February, Chicago
wac selling wheat Tor export on Thurs
day, and the market is now gradually
adjusting itself to natural con-
ditions. Sales Of wheat here
reached 98,197 900 bushels, aud Of
coffee l,H2, 600 bags. In both mar
kets liquidation is progressing with a
more quiet feeling. The iron market
is somewhat weakened in tone by the
breaking OF the coke combination and
the renewed production OF some fur
naces which have been banked"
Cotton yielded but little when other
speculations broke, though crop pros.
poets are everywhere reported tie
most favorable for seven years.
With q per cent. increase in acre.
age, yied the largest ever known by
100000 bales may result, and the
price q raw cotton is held 20 per
cent above that OF November LIST, with
print cloths lower than at that time.
Distrust OF current prices affects deal.
ings in goods to some extent, though
the demand Is still healthy aud
strong.
Higher prices for wool at London
sales, with stiff prices at the West, dis.
heaIten manufacturers, who complain
OF heavy importations Of wooden goods
classified as worsteds and admitted at
low duties. Reports from msny points,
though almost uniformly favorable az
to volume OF trade for the season and
exceedingly hopeful for the future,
begin to note stringency Of money in
several directions; at Cleveland be-
cause of large demands, at Nashville
because Of real estate operations, at
Omaha because large sums have gone
into buildings, and at Detroit because
OF the wool movement. Chicago
bankere, in view Of larger demands
ffom legitimate customers than we're
expected, regret that 60 much has
been tied up in wheai loans.
Collections are reported satisfactory
at most points, about average at Kan
sas City, only fair at Denver, Calves.
ton, Omaha aud Nashville, and mot
60 good" at st. Paul, where building
strike keeps 1000 men idle.
The ore handlers strike also dis
turbs shipments at Cleveland. From
Little Rock it is noted that Arkansas
real estate has advanced 100 per cent.
in tina past year.
Foreign trade Is not improving 10
balance. May showed a decrease oil
SlO,250,O00 in exports Of cotton and
81, 4OO,0 COO In provisions and cattle,
while imports at New York were II
per cent. larger than last year. There
10 slight advance In raw and advance
In refined sugar. Leather lie quiet
with some yielding in quotations
though the fails business done by boo
and shoe makers promises improve
ment Railroad earnings continue
excellent, and stocks yield but little In
price. The interstate Commerce Com
missions latest decision is not vel
, clearly understood here or abroad, bu
Its effect is to GAUGE some hesitation.
The business failures during the las
seven days number for the UniteC
States 1913, for Canada 20, total 2l3
compared with l73 last week, and To-
the corresponding week OF last yea
100. The increase noticed this weel
aitse', OF course, mainly through thu
, whea excitement in Chicago and thl
j West. Other sections OF the country
me business troubles appear TO bI
, lighter than usual.
they make one feel rs though liiI
! was worth living. Take one OF Gar
,ers Little Liver Pills alter eating; /
WIN relieve dyspepsia, aid digestion